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Directive 2002/87/EC - Financial Conglomerates Directive (FICOD)RecitalsChapter I Objective and Definitions (arts. 1-4)Article 1 Subject matterArticle 2 DefinitionsArticle 3 Thresholds for identifying a financial conglomerateArticle 4 Identifying a financial conglomerateChapter II Supplementary supervision (arts. 5-19)Section 1 Scope (art. 5)Article 5 Scope of supplementary supervision of regulated entities referred to in Article 1Section 2 Financial position (arts. 6-9)Article 6 Capital adequacyArticle 7 Risk concentrationArticle 8 Intra-group transactionsArticle 9 Internal control mechanisms and risk management processesSection 3 Measures to Facilitate Supplementary Supervision and Powers of the Joint Committee (arts. 9a-17)Article 9a Role of the Joint CommitteeArticle 9b Stress testingArticle 10 Competent authority responsible for exercising supplementary supervision (the coordinator)Article 11 Tasks of the coordinatorArticle 12 Cooperation and exchange of information between competent authoritiesArticle 12a Cooperation and exchange of information with the Joint CommitteeArticle 12b Common guidelinesArticle 13 Management body of mixed financial holding companiesArticle 14 Access to informationArticle 15 VerificationArticle 16 Enforcement measuresArticle 17 Additional powers of the competent authoritiesSection 4 Third countries (arts. 18-19)Article 18 Parent undertakings in a third countryArticle 19 Cooperation with third-country competent authoritiesChapter III Delegated Acts and Implementing Measures (arts. 20-21c)Article 20 Powers conferred on the CommissionArticle 21 CommitteeArticle 21a Technical standardsArticle 21b Common GuidelinesArticle 21c Exercise of the delegationChapter IV Amendments to existing Directives (arts. 22-29)Article 22 Amendments to Directive 73/239/EECArticle 23 Amendments to Directive 79/267/EECArticle 24 Amendments to Directive 92/49/EECArticle 25 Amendments to Directive 92/96/EECArticle 26 Amendments to Directive 93/6/EECArticle 27 Amendments to Directive 93/22/EECArticle 28 Amendments to Directive 98/78/ECArticle 29 Amendments to Directive 2000/12/ECChapter V Asset management companies (arts. 30-30b)Article 30 Asset management companiesArticle 30a Alternative investment fund managersArticle 30b Accessibility of information on the European single access pointChapter VI Transitional and final provisions (arts. 31-33)Article 31 Report by the CommissionArticle 32 TranspositionArticle 33 Entry into forceArticle 34 AddresseesAnnex I Capital adequacyAnnex II Technical application of the provisions on intra-group transactions and risk concentrationDone at
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AI Summary of Article 5 Scope of supplementary supervision of regulated entities referred to in Article 1

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Version status: Amended | Document consolidation status: Updated to reflect all known changes
Version date: 9 December 2011 - onwards
Version 2 of 2

Article 5 Scope of supplementary supervision of regulated entities referred to in Article 1

1. Without prejudice to the provisions on supervision contained in the sectoral rules, Member States shall provide for the supplementary supervision of the regulated entities referred to in Article 1, to the extent and in the manner prescribed in this Directive.

2. The following regulated entities shall be subject to supplementary supervision at the level of the financial conglomerate in accordance with Articles 6 to 17:

(a) every regulated entity which is at the head of a financial conglomerate;

(b) every regulated entity, the parent undertaking of which is a mixed financial holding company which has its head office in the Union;

(c) every regulated entity linked with another financial sector entity by a relationship within the meaning of Article 12(1) of Directive 83/349/EEC.

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